Financial institutions face challenges in identifying and processing data on climate hazards to assess physical climate risk and fulfil TCFD-reporting requirements. Results from ClimINVEST and similar projects will be used to produce a dataset of climate hazards that will be a reference for assessing physical climate risk for different sectors and assets, in line with TCFD recommendations.
Although large emissions cuts are urgently needed if we are to achieve the global climate goals, it may take decades before we can measure the effect of the reductions on global temperature evolution, a new study shows.
This presentation series aimed at providing guidance for the financial sector dives into climate hazards and case studies on physical climate risk.
Electricity prices in the Nordic countries are likely to be unusually low this summer amid high inflows to hydropower plants, caused by a combination of a very snow-rich winter and late snowmelt.
The objective of the KeyCLIM project is to develop The Norwegian Earth System Model (NorESM) to assess performance, develop and evaluate physical processes in the modell. A special effort is addressed to the near and long term future climate for the Artic, northern latitudes and Norway. Open data from the project will be provided to the climate mitigation and climate impact community.